The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
"We think Anglo has the most growth, potential profitability enhancements from technology and innovation, the best commodity diversification, rising cash return potential and it trades on anRead More
Right now bitcoin (BTC) is back above $8,000 after suffering a substantial "flash crash" last week. This is a major milestone that I’ve spoken about quite a few times this year.It signifies that the bottom is over and that we’re now in the beginnings of a choppy bull market.Of course, we will continue to see dips in the market. But the highs will get higher and higher.Fortunately for i...Read More
Canadian miner Lucara Diamond Corp has recovered a 1 758 ct uncut diamond – the world’s second-largest – from its wholly owned Karowe diamond mine, in Botswana. The unbroken stone, one of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond to be mined at Karowe to date, was recovered through Lucara’s state-of-the-art...Read More
Earlier this month, San Francisco banned local government agencies from using facial recognition technology.And you know what?I applaud them for it.I don't agree with it, personally.Quite the opposite, actually. I believe facial recognition technology will ultimately benefit society and make all of us a lot safer.I also think it's a tremendous investment opportunity that will deliver fortunes dire...Read More
Speaking at the Austmine 2019 conference in Brisbane, Australia, Epiroc senior executive VP mining and infrastructure Helen Hedblom said the mining industry generally had made great strides improvingRead More
Chip stocks took another major hit, leading the tech sector even lower The Dow suffered another triple-digit drop today, losing over 285 points, as trade tensions between the U.S. and China continue to flare up. Chip stocks continued to suffer as more companies cut ties with China's Huawei, and sluggish U.S. manufacturing data was salt in Wall Street's proverbial wounds. In response, the benchmar...Read More
The "Deep State" powers at work could threaten the very backbone of American democracy.A new book may have Washington -- and Wall Street -- squirming in the hot seat.According to the newly-released publication, the dangers to the wealth and well-beings of good, hard-working Americans are now greater than ever!Written by a Washington insider since 1970, this book details how the author believes Ame...Read More
S&W Seed stock hasn't seen a surge of this magnitude since 2017U.S. markets are trading lower once again,bogged down by trade fears and disappointing manufacturing data. Three stocks worth watching this afternoon are sepsis specialist T2 Biosystems Inc (NASDAQ:TTOO), toymaker Mattel Inc (NASDAQ:MAT), and Sacramento-based agriculture name S&W Seed Company (NASDAQ:SANW). Below, we will dive into wha...Read More
Consumer spending data hits Wall Street on the final trading day of MayNext week will be a short one for traders due to the Memorial Day holiday on Monday, but there's plenty of data due out over the four-day stretch -- including key reports on gross domestic product (GDP), consumer sentiment, and inflation. Additionally, another round of retail earnings reports will be sprinkled throughout the we...Read More
The weekly 5/24 90-strike call is most activeRoku Inc (NASDAQ:ROKU) stock is flexing its technical muscle today, up 1% at $88.93, fresh off a record high of $89.79, even as the broader equities market sells off. This upside comes courtesy of a price-target hike to $110 from $92 at D.A. Davidson -- a 25% premium to last night's close -- which said the streaming name's addition of Activation Insight...Read More
ROST call buying has been a prominent strategy among options tradersWe're always digging through data from Schaeffer's Senior Quantitative Analyst Rocky White, and this week Ross Stores, Inc. (NASDAQ:ROST) popped up as a name to watch. Considering what's been happening in the retailer sector, we figured we'd take a closer look at ROST stock, especially since the company reports earnings after the...Read More
Traders just doubled their money on Schaeffer's recommended callSubscribers to Schaeffer's Weekend Trader Alert newsletter just doubled their moneywith our Zscaler (ZS) August 60 call option recommendation. Below, we'll explain how this options trade hit its 100% target during a period of time where the tech stock rose just under 30% on the charts. When we initially recommended the call in an...Read More
Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman's outstanding shares. The agreed price of $1.90 per share represents a premium of 47.3% to the last closing price on 1 May 2019, prior to the announcement of Wesfarmers' proposal to...Read More
Australian lithium miner Wesfarmers (ASX:WES) announced on Thursday that it has entered into a Scheme Implementation Deed (SID) with Kidman Resources Limited (ASX:KDR), confirming the terms to acquire 100% of Kidman's outstanding shares. The agreed price of $1.90 per share represents a premium of 47.3% to the last closing price on 1 May 2019, prior to the announcement of Wesfarmers' proposal to...Read More
Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F) (Read full newsRead More
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people familiar with the situation said.If a transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mineSecuring an exemption may open the...Read More
Canada-based B2Gold Corp. is considering buying an idled Zimbabwean gold mine - if it can be exempted from a law that requires producers to sell all the metal to the country's central bank, people familiar with the situation said.If a transaction with owner Metallon Corp. is concluded, B2Gold will invest $150 million to $200 million developing the Shamva gold mineSecuring an exemption may open the...Read More
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a senior Mexican official said on Thursday, urging a solution that will restart operations.Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest...Read More
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a senior Mexican official said on Thursday, urging a solution that will restart operations.Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest...Read More
And options are attractively priced at the momentMost tech stocks have struggled in May, but NCR Corporation (NYSE:NCR) is a little more than two weeks removed from an annual high of $33. While the shares are down 1.5% to trade at $31.26 today, a rebound could be imminent if this bullish signal is any indicator. Specifically, the stock's Schaeffer's Volatility Index (SVI) of 32% ranks in the 15t...Read More